Khaitan & Co advised BirlaNu Ltd, a listed company of the CKA Birla Group, in relation to its 100% acquisition of the equity share capital of Clean Coats Pvt Ltd, for a cash consideration of up to INR 120,00,00,000 (Indian Rupees One Hundred and Twenty Crores).
The Firm acted as the legal counsel to BirlaNu for the entire transaction and conducted a legal due diligence on Clean Coats and advised on the transaction documents including the share purchase agreement, completion and regulatory and listed company aspects.
The deal was assisted by:
Employment, Labour & Benefits: Deepak Kumar (Partner), Ananya Gandhi (Associate) and Sukriti Shrivastava (Associate)
Intellectual property: Sourav Dan (Counsel), Shouraseni Chakraborty (Associate) and Vaishali Adhikari (Associate)x1
Competition / Antitrust: Anshuman Sakle (Partner), Rishabh Vohra (Senior Associate) and Vrinda Bhardwaj (Associate)
The core team consisted of Niren Patel (Partner), Akhil Kumar (Senior Associate), Raghav Khetan (Associate) and Shrishti Mishra (Associate)